Home Buyer FAQ: What are the Eligibility Requirements for the DPA and MCC Programs?
The best way to get started with our program is to visit www.ReadytoBuyaTexasHome.com and take our eligibility quiz. Once you do that, if the result indicates you qualify (we do require a credit score of 620 or higher for our grant), the next step is to contact one of the approved lenders listed on our website. Only our approved lenders can offer our programs as they are trained as experts in helping homebuyers navigate submitting the required documents and loan application.
We do not take any applications or documents from borrowers directly but rather work behind the scenes training our approved loan officers to work with potential borrowers. Just call or email one of our approved loan officers and say you found their name on TSAHC’s website and would like to find out more about using our down payment assistance (DPA) grant and/or mortgage credit certificate (MCC) program. The loan officer will take it from there, help you get started and answer all your questions!
- Here’s the eligibility quiz: Income limits vary by county. Expanded income and purchase price limits available in targeted areas.
- Here’s our approved lenders by county:
MCCs are restricted to first-time home buyers but the DPA by itself is not.
Please note that the definition of first-time home buyer is anyone who has not owned (or had ownership interested in) a primary residence in the past three years. The first-time home buyer requirement is waived for home buyers purchasing a home in a targeted area and qualified veterans.